Talk > Ask a Married Guy
The Prenup Agreement
rosco:
I've taken time to read the last thread on the debate about prenuptial agreements, which had some interesting points but ultimately descended into a tit for tat between B.B & Moby, debating P.Mc & that whore H.Mills. Entertaining yes, but it still never gave me clarity on the matter or my situation.
I'm planning to marry my fiancé in Belarus later this year and whilst there has been no incident which brought this topic to my attention, its my first marriage and I suppose I'm more than a little green when it comes to divorce. The question was also raised whilst reading a recent thread on divorce, but I decided it would be better to ask the question here, rather than hijack another thread.
I have every confidence in my current relationship and I'm sure (as everyone is) that we will be together for the long haul. However, must I be realistic and potentially plan ahead for the worst case scenario, and statistically this could be backed up pretty easily? We'll move into my current house together in the UK and she'll finish her final 2 years at University through distance learning/part-time. I'll initially support and provide her all that she needs and I'll also be bringing 100% of the equity and finance to the relationship. I also have my own business.
In the opinion of you guys who may have been in my position, should I perhaps put something in place to protect what I've been working hard for, and in the result of any potential breakup further down the road, have the estate divided in a fair manner?
Vinnvinny:
You can put something in place rosco but the reality is that if there is a divorce 'fight' it wont be worth the paper its written on. Multiply that by a factor of 100 if you and your intended have any off-spring.
shakespear:
--- Quote from: Vinnvinny on March 13, 2012, 10:05:26 AM ---You can put something in place Rosco but the reality is that if there is a divorce 'fight' it wont be worth the paper its written on. Multiply that by a factor of 100 if you and your intended have any off-spring.
--- End quote ---
Not necessarily true. You have to do it the "right way". Provide her her own English/Russian speaking attorney. Document in Russian and English. Executed 90 days before the marriage. Document sets up a fair and equitable distribution of marital assets.
The reason many of these prenups aren't worth the paper their printed on is that many guys try to make the agreement so one sided (in his favor) that no judge will allow it to stand up. Make it reasonable for both parties, and it will be iron clad.
rosco:
--- Quote from: Vinnvinny on March 13, 2012, 10:05:26 AM ---You can put something in place rosco but the reality is that if there is a divorce 'fight' it wont be worth the paper its written on. Multiply that by a factor of 100 if you and your intended have any off-spring.
--- End quote ---
Interesting to know Vin. The great debate is about how wise it is to discuss the matter with your other half before you marry, but going on this perhaps it just sow's the seed of negativity, and is ultimately pointless cometh the time?
rosco:
--- Quote from: shakespear on March 13, 2012, 10:11:04 AM ---
--- Quote from: Vinnvinny on March 13, 2012, 10:05:26 AM ---You can put something in place Rosco but the reality is that if there is a divorce 'fight' it wont be worth the paper its written on. Multiply that by a factor of 100 if you and your intended have any off-spring.
--- End quote ---
Not necessarily true. You have to do it the "right way". Provide her her own English/Russian speaking attorney. Document in Russian and English. Executed 90 days before the marriage. Document sets up a fair and equitable distribution of marital assets.
The reason many of these prenups aren't worth the paper their printed on is that many guys try to make the agreement so one sided (in his favor) that no judge will allow it to stand up. Make it reasonable for both parties, and it will be iron clad.
--- End quote ---
I agree Shakey. Of course should the situation arise, I'm all for doing something which is reasonable for both parties (assuming she never shafted me), but its whether you can avoid getting your pants pulled down too. Perhaps ultimately, the whole thing depends on how vindictive, bitter or willing your wife is come the time of divorce?!
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